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Common use of Approval Thresholds Clause in Contracts

Approval Thresholds. Except as set forth subsection (f), below, decisions of the Management Committee will be taken by the simple majority of all Managers.

Appears in 3 contracts

Sources: Limited Liability Company Agreement (KPMG Consulting Inc), Limited Liability Company Agreement (KPMG Consulting Inc), Limited Liability Company Agreement (KPMG Consulting Inc)

Related Clauses

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels
  • Approved Budget
  • Final Completion Date
  • Maximum Annual Operating Expense Limit
  • Final Completion

Parent Clauses

  • DURATION
  • Management Committee and Other Governance Matters
  • Management Committee Meetings
  • Question 19
  • Management of the Company

Sub-Clauses

  • Audit teams
  • Accounting
  • Minimal disturbance
  • Termination without cause
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